Bolivia: Oxides Of Boron Market 2025

Oxides Of Boron Market Size in Bolivia

The Bolivian oxides of boron market soared to $X in 2022, growing by 120% against the previous year. Over the period under review, consumption, however, showed a perceptible slump. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Oxides Of Boron Production in Bolivia

In value terms, oxides of boron production declined to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Oxides Of Boron Exports

Exports from Bolivia

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were exported from Bolivia; which is down by -48.7% compared with 2021 figures. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2,292% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxides of boron exports fell rapidly to $X in 2022. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 2,299%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons), Brazil (X tons) and Colombia (X tons) were the main destinations of oxides of boron exports from Bolivia, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +46.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), Peru ($X) and Colombia ($X) constituted the largest markets for oxides of boron exported from Bolivia worldwide.

Peru, with a CAGR of +49.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, increasing by 27% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oxides of boron export price increased by +77.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Bolivia

Oxides of boron imports into Bolivia fell notably to X tons in 2022, waning by -41.4% compared with the previous year. Overall, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2018 when imports increased by 155% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, oxides of boron imports totaled $X in 2022. In general, imports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 122%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Peru (X tons), Argentina (X tons) and Brazil (X tons) were the main suppliers of oxides of boron imports to Bolivia, together accounting for 91% of total imports. Spain, Mexico and China lagged somewhat behind, together accounting for a further 7.3%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Argentina ($X) and Brazil ($X) appeared to be the largest oxides of boron suppliers to Bolivia, with a combined 74% share of total imports. Mexico, Spain and China lagged somewhat behind, together comprising a further 16%.

Mexico, with a CAGR of +9.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oxides of boron import price amounted to $X per ton, growing by 71% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform